We Take A Fundamentally Different (and Better) Approach
Like any fraud detection and compliance management solution, Memento Security combines three core capabilities — data management, fraud analytics, and case management. But we take a fundamentally different approach to each:
Innovative Data Management: Indexing your data for greater efficiency
Traditional fraud-detection solutions tend to start by building a data warehouse — an expensive, rigid approach that leads to higher expenses and greater complexity. Not Memento. We take a unique, innovative approach to data management that is simpler, more efficient, and more accurate.
Memento Security indexes your transaction data (similar to the way that search engines index the Internet), creating a highly efficient event cache. Our flexible, efficient approach lets you add new data sources quickly without costly schema modification. It lets you perform sophisticated analytics. And it lets you implement your solution — and get value from it — faster and easier.
Multi-Faceted Fraud Analytics: Enabling flexible, accurate detection
Most fraud vendors offer only “out of the box” analytics that detect common, known fraud scenarios. We leverage the rich cache of data—transactions, reference data, and more—and apply a portfolio of analytics and advanced business rules to help you proactively monitor and detect both known and unknown fraud patterns. Our suite of analytics includes pattern matching, unsupervised machine learning, behavior profiling, known and discovered peer groups, collusive networking and many others. Memento's team of mathematicians and analytics experts continually drives fraud discovery through the innovative development and application of mathematical, statistical and machine learning techniques.
Our unique analytic approach uncovers extremely accurate, real-time alerts and cases for disposition. It helps you detect patterns of potential fraud and abuse that you were unaware of in the past. And it establishes an intelligent system that learns and evolves over time, detecting more fraud.
Collaborative Case Management: Aiding the investigative process
For many solutions, case management is an afterthought, disconnected from your business processes. But in the end, your bank needs to act on alerts and cases in real-time and bring them to a successful conclusion. Memento Security helps you aggregate, assign, and manage alerts and cases. All in one integrated solution. We enable effective, collaborative investigations that get results, including prosecutions, return of stolen funds, and more.
We recognize that fraud investigations have different demands, investigative strategies, and workflows. We help you establish a customizable workflow that lets you respond to the unique demands of different types of alerts and cases. And we help analysts, case managers, investigators, and others resolve more alerts and cases, more efficiently.